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Essay:
US new construction 1996 amounted to $600 billionConstruction is one of the Nation's largest industries. In 1996, new construction amounted to $569 billion; with renovation added, the total volume of construction was about $900 billion, which is 12 percent of U.S. GDP. U.S. construction accounts for more than six million jobs. More than 60 percent of the nation's wealth is invested in constructed facilities. Since constructed facilities shelter and support human activities, their quality and economy is vital to the competitiveness of all industry and the quality of life of its citizens. illnesses and injuries. o 50 percent less waste and pollution. o 50 percent more durability and flexibility. o 50 percent fewer construction illnesses and injuries. In 1996 groups of industry leaders representing the residential, industrial, public works, and commercial/institutional sectors developed industry strategic plans for achieving the National Construction
Source: NIST SP 838-13, Project Summaries 1997
http://fire.nist.gov/bfrlpubs/build97/PDF/b97110.pdf
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